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Jun 20, 2013
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economy and to cisco? >> i think this is where the fed deserves a lot of credit in the last couple of years. we haven't done things with deficit spending and repatriation to stimulate the economy. the fed used all of the skills that they had. so you've got a track record of calling it right. if they believe it's time to slowly taper back a little bit, the main thing is the economy is in better shape. >> it's not tapering that you want, you want tax reform in the united states. you want to get that money which you have to hold off shore for u.s. jobs, yes? >> the u.s. tax system is broken. we've waited for years for it to come back. we're assuming that's not going to happen. we don't think that it's going to happen. that's why you see me traveling throughout asia pacific, throughout europe and you've seen the majority of our acquisitions in the past year in terms of the big ones, at least half over seas. >> you can't repay the try eight the $47 billion? >> i can't repay the try eight the $47 billion. i'm on
economy and to cisco? >> i think this is where the fed deserves a lot of credit in the last couple of years. we haven't done things with deficit spending and repatriation to stimulate the economy. the fed used all of the skills that they had. so you've got a track record of calling it right. if they believe it's time to slowly taper back a little bit, the main thing is the economy is in better shape. >> it's not tapering that you want, you want tax reform in the united states. you...
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Jun 21, 2013
06/13
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KRCB
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ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s. president barack obama is changing the rules that govern how his country handles its most destructive weapons. the defense department revised guidelines on nuclear arms for the first time in 11 year
ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new...
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Jun 21, 2013
06/13
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KQED
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tona's economy is beginning slow. how much of an impact could that have on the u.s. economy? >> it could have a fairly significant impact. china was really an anchor of the early steps of the recovery. they stepped in really quickly, and now even in china, there are concerns about too much liquidity in the system. maybe they have done too much and created too much risk. the chinese economy is slowing, and that will certainly reverberate around the world very quickly if we do not see a handle on that soon. >> thank you very much indeed. >> thank you. >> you are watching "bbc world news." still to come on tonight's program -- stranded on a glacier in greenland. after their plane crashed, a crew lived one of the greatest survival stories in history. massive rescue operation is underway to reach survivors in the flood hit areas in india. at least 500 50 people had died, and more than 50,000 are stranded after floods swept away buildings and triggered landslides -- at least 550 people have died, and more than 50,000 are stranded. >> this iconic hindu shrine now completely washed a
tona's economy is beginning slow. how much of an impact could that have on the u.s. economy? >> it could have a fairly significant impact. china was really an anchor of the early steps of the recovery. they stepped in really quickly, and now even in china, there are concerns about too much liquidity in the system. maybe they have done too much and created too much risk. the chinese economy is slowing, and that will certainly reverberate around the world very quickly if we do not see a...
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china's economy has slowed down after several years of self reported steady growth but what do we make of all this and what does it mean for the average consumer who earlier i spoke with the well traveled jim rogers and author of street smarts adventures on the road and the markets i first asked him about black markets and what country today has the biggest black market. if your theory has a big black market these days i don't really know any other so i go there i don't have black markets and i'm not sure what the very end but you're exactly right you know black markets think that's a big thing for the currency it tells you something is wrong you don't know what's wrong. like taking your temperature or you know you're sick. but you don't know exactly what it is it's a question i don't really know of any black market right there i have. to go some places that have a pretty well i was thinking mostly of cyprus and what they've been through the past several months. i'm sure there's a black market for your insight but i just never been there which i reprogrammed. india well you also talk a
china's economy has slowed down after several years of self reported steady growth but what do we make of all this and what does it mean for the average consumer who earlier i spoke with the well traveled jim rogers and author of street smarts adventures on the road and the markets i first asked him about black markets and what country today has the biggest black market. if your theory has a big black market these days i don't really know any other so i go there i don't have black markets and...
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Jun 20, 2013
06/13
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economy to begin gathering steam, but there is no sign among investors that they agree. for now, what matters to them is help from central banks. >> it is not a pretty picture, but let's take a closer look at thursday's market figures anyway kissing off -- no, let's call it kicking off in frankfurt. look at that, down by 30.3%. a lot of damage in just one day. u.s. stocks falling by nearly four percent. across the atlantic at this hour, the dow trading down by nearly 2.4%. the euro also giving up ground to the greenback, trading at a value of $1.3 207. >> is a mammoth trial ended bid to shed light on what german prosecutors say is a neo-nazi group responsible for murdering at least 10 people. most of the victims with immigrant backgrounds. >> today, when defendant -- one defendant identified as carsten s. took the stand again. he has already confessed to having supplied the guns. >> the testimony lasted eight days. so far, he's the only person being tried who has agreed to give evidence to the court, answering questions from judges and lawyers. now it is finally over. >>
economy to begin gathering steam, but there is no sign among investors that they agree. for now, what matters to them is help from central banks. >> it is not a pretty picture, but let's take a closer look at thursday's market figures anyway kissing off -- no, let's call it kicking off in frankfurt. look at that, down by 30.3%. a lot of damage in just one day. u.s. stocks falling by nearly four percent. across the atlantic at this hour, the dow trading down by nearly 2.4%. the euro also...
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Jun 19, 2013
06/13
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japan has the world's largest economy. to contribute to global economic growth. >> translator: by implementing our economic and fiscal policies, we have to pull japan out of deflation, regain a strong economy, and contribute to the world economic recovery. >> reporter: but some leaders pointed out that monetary easing by japan and the u.s. could have a negative impact. the two countries are experiencing some economic recovery, but this is gradually due to aggressive monetary easing. stocks in the currency markets expanding from future u.s. monetary policy. the joint statement is to achieve global economic recovery. the g-8 countries now need to implement specific strategies to realize that. toskhi, ali, nhk world, belfast. >>> two suicide bombers have attacked a shia mosque in baghdad. they killed at least 31 people. more than 1,000 people were killed in attacks across iraq last month. the highest figure in five years. the bomber shot and killed a security guard at the entrance to the mosque, then detonated their explosive
japan has the world's largest economy. to contribute to global economic growth. >> translator: by implementing our economic and fiscal policies, we have to pull japan out of deflation, regain a strong economy, and contribute to the world economic recovery. >> reporter: but some leaders pointed out that monetary easing by japan and the u.s. could have a negative impact. the two countries are experiencing some economic recovery, but this is gradually due to aggressive monetary easing....
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Jun 21, 2013
06/13
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i think it needs to broaden the economy. that's very, very difficult for brazil at the moment. >> i mean, it does -- all roads lead to china. this is where, you know, this liquidity story, the timing of the pboc decision to try and teach the bank and the financial system a lesson is -- is really unfortunate. because, as you were saying earlier, it's really bad timing coming at the same point as we're trying to come to terms with this -- or accurately price the prospect of fed tapering. and, you know, this does pose quite a growth risk going into the second half for china, i think. >> what is the -- what is this -- 7% growth rates from 9%. they're trying to rein in the credit in the secondary banking system, chris. how is that going to spill out into asian -- asian emerging markets? >> it's going to be -- it's going to be quite powerfully negative, i think. and i think the other thing as proliferation countries are dealing with is the yen. essentially japan is exporting deflation. they may be trying to create inflation in the
i think it needs to broaden the economy. that's very, very difficult for brazil at the moment. >> i mean, it does -- all roads lead to china. this is where, you know, this liquidity story, the timing of the pboc decision to try and teach the bank and the financial system a lesson is -- is really unfortunate. because, as you were saying earlier, it's really bad timing coming at the same point as we're trying to come to terms with this -- or accurately price the prospect of fed tapering....
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Jun 20, 2013
06/13
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LINKTV
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economy to begin gathering steam, but there is no sign among investors that they agree. for now, what matters to them is help from central banks. >> it is not a pretty picture, but let's take a closer look at thursday's market figures anyway kissing off -- no, let's call it kicking off in frankfurt. look at that, down by 30.3%. a lot of damage in just one day. u.s. stocks falling by nearly four percent. across the atlantic at this hour, the dow trading down by nearly 2.4%. the euro also giving up ground to the greenback, trading at a value of $1.3 207. >> is a mammoth trial ended bid to shed light on what german prosecutors say is a neo-nazi group responsible for murdering at least 10 people. most of the victims with immigrant backgrounds. >> today, when defendant -- one defendant identified as carsten s. took the stand again. he has already confessed to having supplied the guns. >> the testimony lasted eight days. so far, he's the only person being tried who has agreed to give evidence to the court, answering questions from judges and lawyers. now it is finally over. >>
economy to begin gathering steam, but there is no sign among investors that they agree. for now, what matters to them is help from central banks. >> it is not a pretty picture, but let's take a closer look at thursday's market figures anyway kissing off -- no, let's call it kicking off in frankfurt. look at that, down by 30.3%. a lot of damage in just one day. u.s. stocks falling by nearly four percent. across the atlantic at this hour, the dow trading down by nearly 2.4%. the euro also...
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Jun 21, 2013
06/13
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it says women are a potential pillar of economic growth as japan's economy undergoes drastic change. but the white paper says women in japan account for only 11% of managerial positions. that compares to 53% of the philippines and 43% in the united states. it says 28% of female employees in japan resign when they marry, 36% quit when they give birth to their first child. it notes that many who return to work can only get non-regular jobs. allow employees to balance work with raising children. >>> the family of a chinese human rights activist is living in fear about his latest campaign. chen guangcheng is scheduled to visit. chinese authorities may react with more harassment against members of his family. chen has spent years challenging authorities about forced abortions and sterilization under china's one-child policy. in 2005 they placed him under house arrest. he escaped last year and fled to the u.s. embassy in beijing. government officials allowed him to fly to the u.s. to study at new york university. his elder brother said local authorities have repeatedly harassed members of
it says women are a potential pillar of economic growth as japan's economy undergoes drastic change. but the white paper says women in japan account for only 11% of managerial positions. that compares to 53% of the philippines and 43% in the united states. it says 28% of female employees in japan resign when they marry, 36% quit when they give birth to their first child. it notes that many who return to work can only get non-regular jobs. allow employees to balance work with raising children....
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Jun 19, 2013
06/13
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to the fed's forecast for the economy. if you look at the march forecasts, they were still forecasting 2013 gdp at 2.5%. and while i don't think they will go down to the sort of level that the imf was forecasting at 1.9 last friday, down grading that forecast of gdp, downgrading their inflation forecasts to levels which they previously described as sub optimal should offer markets some reassurance that as much as bernanke will stress tapering probably is going to happen, it's a matter of when. and he won't pre-judge his options. it's not something which means immediately that interest rates are going to rise. one of the things that markets seem to have to gotten, that when the fed outlined its qe exit plan in 2011, it did actually say the first thing it would do was not raise interest rates but stop rolling off or reinvesting maturing debt. >> the other thing of course is they won't be buying any fresh stuff even when they stop. and tapering doesn't mean they stop buying, just stop buying 85 billion a month. if they went f
to the fed's forecast for the economy. if you look at the march forecasts, they were still forecasting 2013 gdp at 2.5%. and while i don't think they will go down to the sort of level that the imf was forecasting at 1.9 last friday, down grading that forecast of gdp, downgrading their inflation forecasts to levels which they previously described as sub optimal should offer markets some reassurance that as much as bernanke will stress tapering probably is going to happen, it's a matter of when....
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Jun 21, 2013
06/13
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the economy is getting better. but i think you have to slowly put your money that you have on the sidelines into cash. yesterday money only went to cash. you know, the commodity complex sold off. the bonds sold off. equities sold off. emerging markets got hammered. i think there's more dry powder on the sidelines. i think we just have to see if certain levels hold. but we're still very constructive going forward with a 1650 to 1700 s&p target. the problem is this. when volatility increases, anxiety increases. and investors seek certitude. the fed did not give us full certitude because they were talking one thing while the market was bringing rates up ahead of them. i think it's something we have to watch and just be flexible right now. >> you bring up an interesting point. the algorithms and the computerized trading. we've talked, you know, we were yus talking about someone else who was mentioned in morning money. i know that's something ron baron mentioned. doug cass was just talking about that. how big of a probl
the economy is getting better. but i think you have to slowly put your money that you have on the sidelines into cash. yesterday money only went to cash. you know, the commodity complex sold off. the bonds sold off. equities sold off. emerging markets got hammered. i think there's more dry powder on the sidelines. i think we just have to see if certain levels hold. but we're still very constructive going forward with a 1650 to 1700 s&p target. the problem is this. when volatility increases,...
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Jun 21, 2013
06/13
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i'm not saying that that's what the situation is but the truth is that means the economy really is in a steady recovery. that's a good thing. that means people are finding jobs. that means they feel more comfortable about buying large ticket items whether it be car or a new refrigerator. those are really very good things. it also means this market is going to start trading on fundamentals again. that's really very comforting for traders. admittedly they were addicted to the punch bowl that's been there but there are plenty people out there that say it's a good thing to go back to the fundamentals. >> all right. it's good news. thank you. appreciate it. >> that will fix it. >>> we have to turn to canada. major emergency unfolding in the province of alberta. there's been flooding there. 75,000 people driven from their homes in the major city of calgary. >> that city has not seen anything like this before. the situation so serious that the canadian military has been called out to help the rescuers. >> reporter: the sheer speed and strength of the water took many my surprise leaving them
i'm not saying that that's what the situation is but the truth is that means the economy really is in a steady recovery. that's a good thing. that means people are finding jobs. that means they feel more comfortable about buying large ticket items whether it be car or a new refrigerator. those are really very good things. it also means this market is going to start trading on fundamentals again. that's really very comforting for traders. admittedly they were addicted to the punch bowl that's...
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Jun 20, 2013
06/13
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the fed had upgraded its outlook for the american economy, and this prompted investors to buy the dollar. the u.s. currency is stronger against major currencies. dollar/yen right now at 97.94-98. euro/dollar right now is at 1.3207-3208. let's turn our attention to the stock market. now the possibility of the fed tapering its stimulus program caused global investors to be more risk averse. major european markets taking a london's ftse down by 2.3%. frankfurt down by 2.3% and cac403.3%. market players are also cautious as they received a mixed bag of economic data. the latest business activity report for the eurozone shows a contraction, but it's also the smallest downturn since march 2012. meanwhile, germany's producer price index fell more in may than in april. investors sold shares after receiving economic data showing the largest contraction in china's manufacturing activity in nine months. hong kong is one of the biggest losers. hang sang dropped 2.88%. japan were capped. the nikkei average wu down by 1.74%. on the decline in the asian markets, an expert in singapore says market playe
the fed had upgraded its outlook for the american economy, and this prompted investors to buy the dollar. the u.s. currency is stronger against major currencies. dollar/yen right now at 97.94-98. euro/dollar right now is at 1.3207-3208. let's turn our attention to the stock market. now the possibility of the fed tapering its stimulus program caused global investors to be more risk averse. major european markets taking a london's ftse down by 2.3%. frankfurt down by 2.3% and cac403.3%. market...
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Jun 16, 2013
06/13
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WRC
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the reality is mexico's economy is coming back. chris: but will we still see those nbc pictures of people racing across the border at night? >> not -- not for a while. chris: not for a while. that means the law works. >> we will get the bill. but there are concerns that the number of visas for farmer workers is going to be revised down that we will see more once the economy picks up. >> i think they will get something through but it will be that unforeseen consequences problem that people will watch for the next several years. what will the impacts be that aren't part of what the discussion is? >> we will get a bill. the balance mere is between a pathway to citizenship and border security. we'll probably get more emphasis on border security to get the bill passed. chris: why should a republican vote for this? >> jeb bush and haley barbour gave a reason this week. because it's pro growth. chris: ok. great. >> you need immigrants in america to foster growth. chris: thanks for a great roundtable. getting near the end here on this show
the reality is mexico's economy is coming back. chris: but will we still see those nbc pictures of people racing across the border at night? >> not -- not for a while. chris: not for a while. that means the law works. >> we will get the bill. but there are concerns that the number of visas for farmer workers is going to be revised down that we will see more once the economy picks up. >> i think they will get something through but it will be that unforeseen consequences problem...
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Jun 22, 2013
06/13
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lastly, the the government adopted several measures aimed .t used in the economy saudi arabia has announced .nother death and 81-year-old man died in the eastern province. six of the new cases have been registered. experts are nearing the end of a four-day meeting to discuss ways to tackle the virus. 70 cases have been confirmed worldwide. 39 people have died, 33 of them in saudi arabia. a humorous but hard-hitting political satire has become a box office hit on the sri lankan state. it's so popular, even the president came to watch. >> poking fun at politicians, it's brought hundreds of people, some as early as 6:00 in the morning, to queue for tickets. >> last time, i missed the tickets. i was there for about two hours, and when it came to my chance, they were sold out. >> seats for the first day of the show sold out and half an hour. 10 more were scheduled with some live assaults. >> i only go with the headline. editor has full freedom to decide. >> the show was created six years ago. it emerged after the title featured title role in another play drew the loudest laughs. ,his show has a
lastly, the the government adopted several measures aimed .t used in the economy saudi arabia has announced .nother death and 81-year-old man died in the eastern province. six of the new cases have been registered. experts are nearing the end of a four-day meeting to discuss ways to tackle the virus. 70 cases have been confirmed worldwide. 39 people have died, 33 of them in saudi arabia. a humorous but hard-hitting political satire has become a box office hit on the sri lankan state. it's so...
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Jun 21, 2013
06/13
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economy. u.s. stocks went down by more than two percent, the deepest single day fall since november. disappointing chinese economic data also hurt local sentiment. korean rebels are asking for more military support from its international palace. members of the free syrian army say a no-fly zone over parts of the country could help her event a unitarian disaster. -- a humanitarian disaster. the group believes syrian government forces will try to retake aleppo. a video posted online shows them battling government fighters there. the un's, humanitarian chief has given her assessment of the crisis. valerie amos says this disregard for human life and dignity has reached unprecedented levels in syria. she has been briefing members of the security council. >> a u.n. joint assessment mission was finally allowed on the 15th of june. they basically found a ghost town. weeks of heavy fighting and shelling have left the city almost totally destroyed. , raised my concerns that where there is active conflict or
economy. u.s. stocks went down by more than two percent, the deepest single day fall since november. disappointing chinese economic data also hurt local sentiment. korean rebels are asking for more military support from its international palace. members of the free syrian army say a no-fly zone over parts of the country could help her event a unitarian disaster. -- a humanitarian disaster. the group believes syrian government forces will try to retake aleppo. a video posted online shows them...
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Jun 19, 2013
06/13
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KGO
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yeah point to success of other ballparks when it comes to popping some serious cash into the local economy this, is a live look at fans headed tonight to the evening's game at the giants ballpark. since the giants move there in 2000. >> abc 7 news was the first media outlet to report on this lawsuit. mark matthews sent the first tweet you can follow mark on twitter. and we're tweeting around the lock. >> -- clock. >>> a union city family's dog has killed a family member. he was playing yesterday when the dog just attacked. family members say the boy may have tried to climb onto the dog's back. the dog sk held for 10 days in a shelter, authorities have not yet decided whether they will put it down or try to rehabilitate the animal. >> the naked man seen on video had a day in court today. his friends say he needs mental health services. not jail time. abc 7 news has the story. >> the 24-year-old sat listening to a spanish interpreter explain charges against him, he's the naked acrobat attacking passengers at the 16th and mission bart station. >> i spoke to him, he's very, very depressed. cry
yeah point to success of other ballparks when it comes to popping some serious cash into the local economy this, is a live look at fans headed tonight to the evening's game at the giants ballpark. since the giants move there in 2000. >> abc 7 news was the first media outlet to report on this lawsuit. mark matthews sent the first tweet you can follow mark on twitter. and we're tweeting around the lock. >> -- clock. >>> a union city family's dog has killed a family member. he...
SFGTV: San Francisco Government Television
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Jun 21, 2013
06/13
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SFGTV
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and they are becoming a big organization and the economy and i think, and i think. >> and yesterday i take a woman she said, i paid the meter at 6:00 and i said yes, these are a lot of trick at the post-age signs and you don't know. i think that a lot of people get told. i know how to fix it. but i don't... this is not my application. but i know how to fix, you can really lose 60 or 70 million, if you pick the sign and because the definition of this sign has some kind of unclear. and the business out of town people and tourists are becoming a target just like us, the tax it driver are an easy target. and you don't complaint and because we are just the taxi cab driver, they are weak, thank you. >> jim hickey followed by brian smith. >> good afternoon. >> thank you. >> my name is jim hickey and i live in the city and so does my wife and son and i commute every day by bike and my wife does too, i want to build a safer city for my son to ride a bike in. right now i feel that i live by masonic in the north panhandle neighborhood, you did a great job with oak and i would love to see the ful
and they are becoming a big organization and the economy and i think, and i think. >> and yesterday i take a woman she said, i paid the meter at 6:00 and i said yes, these are a lot of trick at the post-age signs and you don't know. i think that a lot of people get told. i know how to fix it. but i don't... this is not my application. but i know how to fix, you can really lose 60 or 70 million, if you pick the sign and because the definition of this sign has some kind of unclear. and the...
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Jun 20, 2013
06/13
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KQED
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this is singapore's central business district, the poor sink -- pulsing heart of singapore's economy, but today, you see the building stranded and smoke. there is a dry, accurate taste in the air. you can feel it in the back of your throat. -- there's a dry, accurate -- there's a dry, acrid taste in the air. his is where the fumes are coming from. hotspots on the indonesian island of sumatra where farmers use/and burn techniques to clear the land -- use slash and burn techniques to clear the land. >> ideally, we would like the fires to be put out. if any of these fires were illegally started, then whoever is responsible for them to be brought to justice. for the long term, what we need to do is cooperate with the indonesians as we have been to work on developing sustainable agricultural practices. >> the cost of the smog is yet to be counted, but it could be in the billions. had economichaze costs estimated at more than $9 billion and reportedly made 20 million people ill across the region. looks ugly there in singapore. you are watching "bbc world news america." still to come -- what
this is singapore's central business district, the poor sink -- pulsing heart of singapore's economy, but today, you see the building stranded and smoke. there is a dry, accurate taste in the air. you can feel it in the back of your throat. -- there's a dry, accurate -- there's a dry, acrid taste in the air. his is where the fumes are coming from. hotspots on the indonesian island of sumatra where farmers use/and burn techniques to clear the land -- use slash and burn techniques to clear the...
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Jun 18, 2013
06/13
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KCSMMHZ
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powers have met around a table at a resort in northern ireland to share thoughts on everything from the economy to the civil war in syria. they are spending the final hours of the annual g-8 summit talking about how to counter-terrorism and to deal with tax evasion. british prime minister wants them to quit paying ransom to kidnappers. he said that would cut off a main source of funding for terrorist organizations and reduce incentive to take civilians hostage. militant groups are have been active in africa and sahara region where foreign companies are extracting resources. gunman at a facility in january taking workers hostage. japanese, and french nationals were among those killed. u.s. president barack obama defended his government's top secret program to gather personal data to counter terrorism. he said the agency acted in compliance with the law. the g-8 leaders are also discuss ing the restriction of the ability of multinational corporations to avoid paying taxes. the leaders will issue a joint declaration later in the day to wrap up the summit. yahoo is the latest company to announce it
powers have met around a table at a resort in northern ireland to share thoughts on everything from the economy to the civil war in syria. they are spending the final hours of the annual g-8 summit talking about how to counter-terrorism and to deal with tax evasion. british prime minister wants them to quit paying ransom to kidnappers. he said that would cut off a main source of funding for terrorist organizations and reduce incentive to take civilians hostage. militant groups are have been...
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Jun 17, 2013
06/13
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CNBC
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a year as much as 10 billion pounds in the uk economy. there are some concerns that the french might scoff at this because they want exceptionalism for their enterprises. elsewhere, some form of deal on tax evasion could be on the agenda. they're trying to get companies and individuals globally to have some sort of register of interest which will cut down on that avoidance and evasion well. shinzo abe in town explaining once again how japanese abenomic policies are aimed at the domestic economy and not destabilizing global currency markets, although it is noticeable ahead of this meeting there's been less rhetoric against the japanese than there was ahead of the recent g-20 which i attended in moscow. it's all to play for still here over the next 48 hours, ross. back to you. >> all right. that's steve with the latest from northern ireland. >>> u.s. markets after being down three out of the last four weeks called higher this morning at the hope as far as futures are concerned. the s&p 500 currently around 40 points. the nasdaq is about 31
a year as much as 10 billion pounds in the uk economy. there are some concerns that the french might scoff at this because they want exceptionalism for their enterprises. elsewhere, some form of deal on tax evasion could be on the agenda. they're trying to get companies and individuals globally to have some sort of register of interest which will cut down on that avoidance and evasion well. shinzo abe in town explaining once again how japanese abenomic policies are aimed at the domestic economy...
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Jun 22, 2013
06/13
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it is to ensure the safety of the economy. if you want to bring it back to the child, to make sure the child is safe, right? that is the primary concern. the economy is getting better, in theory the stock market will be okay and i thk liz makea very valipoint. the market is getting ahead of itself or miss analyzing the recovery. the recovery is solid. charles:'s stance with theed is trying to do and have always trieto do is kick off the virtuous cycle. grading an illusion they are much better, your house is worth more, this makes people go out and shop, the shopkeeper his more people and they in turn have a job now and spend and the next shopkeeper hires someone now we have this virous cycle, positive cycle and it seems t matter what ben bernanke tries to do it does not click, it has not clicked in yet. >> in fact it has clicked. we are in a period of economic growth, we can date the level, it is not satisfactory and so on. the hope is when you do all these things and there are other forms of stimulus other than the kind we ar
it is to ensure the safety of the economy. if you want to bring it back to the child, to make sure the child is safe, right? that is the primary concern. the economy is getting better, in theory the stock market will be okay and i thk liz makea very valipoint. the market is getting ahead of itself or miss analyzing the recovery. the recovery is solid. charles:'s stance with theed is trying to do and have always trieto do is kick off the virtuous cycle. grading an illusion they are much better,...
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Jun 23, 2013
06/13
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CSPAN2
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[inaudible] >> the partisans were economies. their rivals were the bk, they were anti-communist and anti-monarchist. so they were really basically fighting to see who would control albania after the war. >> did any of the team expressed regret that despite the growing experience they didn't get to work on their mission at all? did any get to participate in rescuing soldiers -- >> in the medical air evacuation? they had open doing it, they arrived in october that only had a month of their actual it by bk with interest. some of them ended up training, like some of the nurses and the training, so they trained the new flight nurses coming in. i think they felt like they were actually doing that in a different kind of way. but i know that some of them would've liked to have been there and avoided the whole albania situation. >> what prompted you to write this book? >> i was working on an article, another world war ii article for smithsonian magazine and i came across a historic newspaper article about the cannot. and i found it so in
[inaudible] >> the partisans were economies. their rivals were the bk, they were anti-communist and anti-monarchist. so they were really basically fighting to see who would control albania after the war. >> did any of the team expressed regret that despite the growing experience they didn't get to work on their mission at all? did any get to participate in rescuing soldiers -- >> in the medical air evacuation? they had open doing it, they arrived in october that only had a...
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Jun 15, 2013
06/13
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immigrants contribute to our economy. immigrants pay taxes. we're actively mobilizing a lot of the important aspects of our economy. so when we are having a discussion about what is the living wage and how fast can we live on, right now, $14,500 is the living wage. they're talking about be giving access to services. we're creating a shadow economy of a community in perpetual -- >> i think the conservative movement in this country does not want immigration reform. it helps keep wages down like you're talking about. there is a mindset that is very strange. this came out of mouth of jeb bush. i want to you hear what he said about immigrants. here it is. >> we're going to have fewer workers taking care of a larger number of people that the country has a social contract with. to be able to allow them to retire with dignity and purpose we cannot do that with the fertility rates we have in our country. immigrants are more fertile and they love families and they have more intact families and they bring a younger population. >> what is your response to
immigrants contribute to our economy. immigrants pay taxes. we're actively mobilizing a lot of the important aspects of our economy. so when we are having a discussion about what is the living wage and how fast can we live on, right now, $14,500 is the living wage. they're talking about be giving access to services. we're creating a shadow economy of a community in perpetual -- >> i think the conservative movement in this country does not want immigration reform. it helps keep wages down...
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Jun 18, 2013
06/13
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CNBC
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you know, it's still an economy full employment. we wish a lot of the european economies would have that situation. i find it difficult to find good talent at a reasonable price there. we have a team in brazil, 15 analysts there, and it's just an antidotal evidence, but it is proven to point. >> marfrig, what do they do? >> marfrig is a meat producer, one of the largest meat producers in brazil, and cernig is a utility company. >> okay. why do those two -- >> well, marfrig enjoys from the fact we're the commodity cycle, brazil is one of the lowest cost producers in beef. so, in a scenario where foods demand is still on the rise, we think they're going to do very, very well. we think that the balance sheet issues are going to be overcome. so, it's a restructuring story as well. on the cemig side, utilities in brazil have suffered quite a bit from the utility bill and the tariff provisions. what we're saying here is going forward, that's already in the price, so going forward, the outlook looks good. >> cemig, as we come back to talk
you know, it's still an economy full employment. we wish a lot of the european economies would have that situation. i find it difficult to find good talent at a reasonable price there. we have a team in brazil, 15 analysts there, and it's just an antidotal evidence, but it is proven to point. >> marfrig, what do they do? >> marfrig is a meat producer, one of the largest meat producers in brazil, and cernig is a utility company. >> okay. why do those two -- >> well,...
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Jun 21, 2013
06/13
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it is not anything that's actually happening in the real economy. there has been -- we've had a little bit of disappointing news from china, for example. that's a minor factor. the big thing is investor psychology. people are just worried that the stock market can't stand on its own. i think it's important today, we've seen stocks sort of stabilize. that will make people feel better. it's quite possible -- you know, there are a lot of people sitting there with money on the sidelines saying i'm pretty optimistic about the economy. i'm just waiting for prices to call so i can buy the dip, as they say. we may see a little be the of that. what we are going to see this summer is a lot of choppiness, a lot of volatility. if you think the economy is getting better and will continue to get better, this is really nothing to worry about. >> so rick, back to those interest rates. should rates, in your opinion, have been that low in the first place? >> well, there's no doubt they were artificially low. there was no normal reason that interest rates would be as
it is not anything that's actually happening in the real economy. there has been -- we've had a little bit of disappointing news from china, for example. that's a minor factor. the big thing is investor psychology. people are just worried that the stock market can't stand on its own. i think it's important today, we've seen stocks sort of stabilize. that will make people feel better. it's quite possible -- you know, there are a lot of people sitting there with money on the sidelines saying i'm...
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Jun 19, 2013
06/13
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KQED
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. >> increasingly, americans in money trouble in this bad economy are borrowing from their 401(k)s... >> the number of workers borrowing from their accounts has reached a ten-year high... >> a record number of workers now raiding their 401(k)s... >> martin smith: let's begin with one simple fact: america is facing a retirement crisis, and the statistics are grim. half of all americans say they can't afford to save for retirement. one third have next to no retirement savings at all. >> i just don't know if i'll be able to save that much. god willing, social security will still be there. for someone like me, it'll probably be enough to keep me out of poverty. >> the retirement fund gets sliced and diced and divvied up for wall street to play with... >> i'm just going to have to somehow find a way to save 10% of my salary or 15% of my salary, which is probably what i need to actually be saving to have any shot of retiring, you know, not on food stamps. yeah, i don't know. hope to be able to retire. >> recently i've started to look into how to make more money, how to increase my income wh
. >> increasingly, americans in money trouble in this bad economy are borrowing from their 401(k)s... >> the number of workers borrowing from their accounts has reached a ten-year high... >> a record number of workers now raiding their 401(k)s... >> martin smith: let's begin with one simple fact: america is facing a retirement crisis, and the statistics are grim. half of all americans say they can't afford to save for retirement. one third have next to no retirement...
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Jun 23, 2013
06/13
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KGO
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we're talking about the economy. look at the economy, look at the potential there. look at the squandered opportunities we have had. we go back to congress did this or didn't do that. if we had an aggressive energy strategy, if we had a way to lift people out of where they are right now. when you see middle income people lost $5,000 a year, why is that? we are so blessed for so long, the only thing missing right now is strong leadership in establishing -- >> what would an aggressive energy strategy mean? the president is going to make a major announcement this week on climate change and energy. i want to know what that would be. >> i don't think that the president needs to make a statement on green energy. with the list of priorities of what's going on, if this is the initiative, i think there's a lot more things on the plate. to me, it's a pivot away from what's causing the distrust of this government. any relationship you have, whether it's you and i, you and your wife, any of us in a business relationship, when we lose trust in the person, then we don't have fait
we're talking about the economy. look at the economy, look at the potential there. look at the squandered opportunities we have had. we go back to congress did this or didn't do that. if we had an aggressive energy strategy, if we had a way to lift people out of where they are right now. when you see middle income people lost $5,000 a year, why is that? we are so blessed for so long, the only thing missing right now is strong leadership in establishing -- >> what would an aggressive...
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Jun 21, 2013
06/13
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what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry that will make it seem glamorous like it's a dream world. what happens in vegas stays there. you can do all kinds of fun stuff. >> one of the pioneers of this was in the american indian foxwood casinos in connecticut. built on tribal land. it was a little different than putting one in queens. but that produced just a tremendous amount of revenue. that was real money that flowed into the state that really did pay for a lot of stuff. >> but connecticut is one of the worst managed states. they are bordering on bankruptcy in connecticut. it goes back to a fai
what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry...
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Jun 21, 2013
06/13
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CNBC
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they are more credit sensitive, and steve just mentioned, hey, we think that the economy is going to continue to go along quite well. you're not going to have bankruptcies in high yield and even slow growth will alol two companies to continue to chug along pay a much higher interest rate now than what they were a couple of weeks ago, and it really represents, we think, probably the best value out there in fixed income. >> we're making this a very actionable friday, okay, so our viewers, maybe they believe, what do i do? i can't go out and buy a double p-minus corporate credit? what's the easiest way for the audience to play what you're saying? >> certainly can you go to a managed high-yield fund and go to an etf and our concerns with an etf, being an adviser and manager, is you can't really distinguish good bonds from bad bonds and there are good bonds out there in junk land so find an adviser you can trust who has a fund that's well diversified in high yield. play there. >> meantime, steve, you've been telling everybody out there to sell every single bond they have. >> right. i mean
they are more credit sensitive, and steve just mentioned, hey, we think that the economy is going to continue to go along quite well. you're not going to have bankruptcies in high yield and even slow growth will alol two companies to continue to chug along pay a much higher interest rate now than what they were a couple of weeks ago, and it really represents, we think, probably the best value out there in fixed income. >> we're making this a very actionable friday, okay, so our viewers,...
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Jun 21, 2013
06/13
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economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big run, 25%, 30% run. often in big bull markets you have very violent but short-term sort of pull-backs and i think this was a catalyst that allowed traders to sell, the excuse to sell. i do think that people calm down a little bit, we adjust to little higher bond yields we're seeing in the last few days as the fed stops buying many as many bonds. i think we'll calm down and realize that the fed's real message is that the economy to them is looking a little better, and they think for the first time the economy is get along with a little less support from them all on its own as an equity investor that's probably a
economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big...
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Jun 21, 2013
06/13
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FBC
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this economy -- >> there are some points made, either the economy strengthens sufficiently that the fed and pull back asset purchases and paper as they're talking about going from $85 billion to $75 billion a month, who knows? there's a lot of money being or the economy doesn't strengthen enough and canned tapir and liquidity will drive asset prices. q e was designed for it deflation, and designed to raise home prices and in mortgages -- i am not saying the world is perfect. and we just disagree with what the ultimate outcome would be and we are more bullish than he is. >> equity markets trading at 15 times multiple but you really have a growth trajectory of 2%. normal trajectory for the equity market with 15 times multiple gdp growing. but you don't have that. you need to see a fill in with economic activity in the second half for start to see more -- i would like to point out of this market, as you see even taper you are seeing risk of trade kick in and yields go higher, and maturities to four year, 3.5 year maturity to waive this out and perhaps wetter the approach to their portfolio
this economy -- >> there are some points made, either the economy strengthens sufficiently that the fed and pull back asset purchases and paper as they're talking about going from $85 billion to $75 billion a month, who knows? there's a lot of money being or the economy doesn't strengthen enough and canned tapir and liquidity will drive asset prices. q e was designed for it deflation, and designed to raise home prices and in mortgages -- i am not saying the world is perfect. and we just...
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Jun 20, 2013
06/13
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CNBC
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that the economy is stronger. and that it is a lack of confidence in the economy's ability a to stand on its two feet without all of this liquidity. >> and do you think this is old-fashioned profit taking? we've had good gains for 2013. we've had good gains for last four years. is it time to take something off the table for that reason. >> think i so. and a couple dayes with twloost days of run up with the announcement yesterday was short-covering. so i think you have people on the shore wagon as well. i think it is a combination of profits and the move down today. >> have you a triple witch tomorrow right? expiration coming tomorrow. how does that impact things? >> i think that exaggerates the moods. usually you see a lot of activity and volume and movement. and what we have seen the last few days is a heavy down days. i think the on coming combination exaggerate the move and puts pressure in that direction of the movement in this case down and exaggerate this move. not quite a bit but, significantly amount today
that the economy is stronger. and that it is a lack of confidence in the economy's ability a to stand on its two feet without all of this liquidity. >> and do you think this is old-fashioned profit taking? we've had good gains for 2013. we've had good gains for last four years. is it time to take something off the table for that reason. >> think i so. and a couple dayes with twloost days of run up with the announcement yesterday was short-covering. so i think you have people on the...
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Jun 17, 2013
06/13
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on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you can't have it there but there is an old anecdote about somebody helping plan d day invasion and he was a meteorologist and he kept say i don't go want to give you anymore reports because i think it's no better than a 50/50 shot and the general said send it in any way, we need it for planning. so even though something is inferior, people keep looking to it. >> and just briefly, i know in the last couple weeks we've been trading off different things. first it was what was happening in japan and the yen, then what was happening here in the
on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you...
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Jun 22, 2013
06/13
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coming up, has the economy started to rebound? jesse joyce discusses his new wb at sketchers in the mall for selling weed to teenagers." he will never learn. look at you. something, something victoria secret, ya like i have to write anything else. you people are so easy. >>> should he go to jail for his makeshift one? an upstate new york man, is there any other kind, is facing criminal charges for locking four boys in a closet after catching them vandalizing his father-in-law's house. jesse daniels -- it is always jesse -- says he found the eight and ten-year-olds inside with hammers and coralled them into a closet while his wife called the cops. but one father says that while what the kids did was wrong, danielles should have handled it differently. the dads said he threatened them and grabbed one leaving a mark. they said that is not the case. >> these marks that these children had, mr. smith, were actually created from chards of glass, ceramic fixtures. i assured them they were not dangerous and the police will tend to them whe
coming up, has the economy started to rebound? jesse joyce discusses his new wb at sketchers in the mall for selling weed to teenagers." he will never learn. look at you. something, something victoria secret, ya like i have to write anything else. you people are so easy. >>> should he go to jail for his makeshift one? an upstate new york man, is there any other kind, is facing criminal charges for locking four boys in a closet after catching them vandalizing his father-in-law's...